US Politics |OT|

[Machiavellian]

CosmicSex said:

Machiavellian said:

Not looking very good for Trump in that NY fraud case. It appears he cannot come up with the money for appeal which might end up being that he will have pretty much all his assets in NY taken. The other end of this situation is that because he cannot come up with the bond, its very doubtful he is anywhere close to being a billionaire. He doesn't have the cash which is something north of half a billion. He cannot get any insurance company for the bond which is huge to say if he is this 14 billionaire that his lawyer said he was. When all is said and done, between the defamation case and this NY case, he is really going to need the RNC to bail him out because he will be losing a lot of his assets very soon.

I think the obvious point here is that Trump is NOT a billionaire.  He could just pay the bond himself.  If he can not fleece it out of the RNC fast enough, They are going after his assets.  As much as I was hoping Trump's gutting out of the RNC would wake folks up, I honestly don't think they ever will so I would just hope that something happens to stop this impending injustice to GOP voters.  The funny thing about the bond companies is that they wouldn't let him use his manufactured real estate values to secure loans. Its just so ironic that this fraud is what he is in trouble for in the first place and the insurance companies are not gonna get duped by him.  I think what happens is  that he is unable to post bond and the AG comes in and starts selling his buildings.  I think seeing his names come off of skyline in New York will finally hit home that fraud does not pay. 

Its really telling that he cannot actually secure enough money for the appeal because he really does not need an insurance or bond company even if all of his assets are not tied up in property.  He and his lawyers have made many statements of how many billions he has and he could easily take out a loan on a few properties to cover the cost.  He could also refinance, sell property you name it.  Even if the bond/insurance companies would not cover all of the 464, he could come up with enough so they would cover the rest.  All in all it could be that he is looking to get the amount reduced but NY is not a favorable district for his BS so I doubt that will happen.  This could really snowball into a huge financial issue for Trump because I doubt anyone is coming to bail him out and as you stated, the AG will be moving quick to liquidate his assets if the courts say nay.